Incoterms are a set of trade rules established by the International Chamber of Commerce ("ICC") that are used in international sales contracts. The purpose of Incoterms is simple: to establish a standardized logistics terminology to prevent confusion and disagreements between international buyers and sellers. Incoterms are not mandatory rules, but in order for them to have legal effect, they must be explicitly incorporated by the parties into their contract.
In the following article, we will describe their basic features and how to use them for all modes of transport.
